hey mactrading I picked up an excellent book from Amazon for just a handful of dollars
it's a very clear easy to read run down on the market maker business model
author is Martin Cole....you will have heard of him if you are interested in MMM
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Dislikedhey mactrading I picked up an excellent book from Amazon for just a handful of dollars
it's a very clear easy to read run down on the market maker business model
author is Martin Cole....you will have heard of him if you are interested in MMMIgnored
Dislikedhey mactrading I picked up an excellent book from Amazon for just a handful of dollars
it's a very clear easy to read run down on the market maker business model
author is Martin Cole....you will have heard of him if you are interested in MMMIgnored
DislikedShort.
Q tells me, you still have to do a little more MMM study. (o;Ignored
DislikedMartin Cole's model of 3 market phases: accumulation, manipulation, profit-release is relevant to this thread. Hope to see some charts with belief bars, jump bars, intent bars shown.
http://www.forexfactory.com/martin*coleIgnored
DislikedDid anyone take this down? Thanks to Bstay2 for the heads up.
However, you MMM newbs out there: Please never take a trade you don't fully understand!
I took actually the CJ down for +40 pips on 10 pips risk (equivalent to 80 pips on the EU). Nearly got stopped on this one.
http://photoupload.org/uploads/13287057371.pngIgnored
DislikedI took the GBP/USD short. The M-pattern in the 15min TDI was more defined: first leg above volatility band (SharkFin) and second leg came close but could not break the band, while prices made new high above Weekly R1 and closed under. I would have been stopped if that 5:00amEST pin bar was to be as huge as GBP/JPY.Ignored
DislikedI use a fixed risk for each pair, pre-programmed into my conditional orders (called OCO/OSO in TradeStation). Once the entry is live, I should adjust the stop order but usually just left it alone. I share-size accordingly so 23pips risk allowed less lots, 15pips risk allowed more lots. So every trade risked same dollar amount.
EUR/USD - 20pips
GBP/USD - 20pips
AUD/USD - 17pips
EUR/JPY - 23pips
USD/CHF - 16pips
USD/CAD - 15pips.Ignored
Dislikedwould anyone take this GBP/JPY long? W-pattern 15mins as of 10:11amEST, at ADR Lo, round number 122.00, near Daily Pivot PP, rising 200ema.Ignored
Dislikedwould anyone take this GBP/JPY long? W-pattern 15mins as of 10:11amEST, at ADR Lo, round number 122.00, near Daily Pivot PP, rising 200ema.Ignored
DislikedI know the one thing a MM teacher cautions against is trading pairs wherein the Asian range is greater than 50 pips. GJ's Asian range was 80 pips, which is why I'm staying out.Ignored